How Does an Insurance Policy Help Mitigate Risk

question 54

Multiple Choice

How does an insurance policy help mitigate risk?

• A)Individuals pay to reduce uncertainty in some aspect of their lives.
• B)Individuals are paid very large sums of money if they encounter any risk.
• C)Individuals pay money to ensure they don't experience any risk.
• D)Individuals pay a fee in exchange for the insurance company covering all expenses associated with risky behavior.

Acknowledge the complications associated with planned change in organizations and strategies to address them.

Understand different strategies for overcoming resistance to change.

Recognize the role of participation, persuasion, and empowerment in managing change.

Identify the conditions under which technological change is most beneficial to organizations.

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Definitions:

Transmission

The process by which genetic or other information is passed from one entity to another.

Sex Characteristics

Traits that distinguish between males and females, including primary characteristics like reproductive organs and secondary characteristics like body hair.

Homophobia

Prejudice or discrimination against individuals who are gay or perceived to be gay, often rooted in fear or misunderstanding.

Gender Role Development

The process by which individuals learn the behaviors, attitudes, and expectations associated with their gender through cultural, social, and environmental influences.